- Jack Dorsey, the CEO of Twitter, thinks Bitcoin can be beneficial for Black America and other minorities.
- Bitcoin and Black America, the book discuss in depth the ways cryptocurrency and how Bitcoin can help bring financial autonomy to the African-Americans.
Jack Dorsey, the CEO of Twitter, thinks Bitcoin can be beneficial for Black America and other minorities. Minorities have to face a lot of problems when it comes to the legacy banking system. But according to Jack Dorsey, Bitcoin can help make lives easier for them.
— jack ??? (@jack) February 23, 2020
Bitcoin and Black America, the book discuss in depth the ways cryptocurrency and how Bitcoin can help bring financial autonomy to the African-Americans. Blacks have been largely underserved by the traditional banking industry and have also been very slow to take up digital assets like a second option, notes the author of the Bitcoin and Black America, Isaiah Jackson.
The way Jackson sees it, the change will require a deep understanding by the African American community, and they will have to trust that they no longer need the current banking industry to be able to manage their wealth.
There are a lot of misunderstandings in the community, and these will have to be cleared effectively. The book published in July 2019 initially, and it is getting a revision as the crypto market has surged again.
Blockchain technology has the power to change the economic game, and a lot has already been said about how it can help the underdeveloped regions around the world. It can act as the bridge between the lack of banking facilities and for the deprived sections of the society who don’t get the same opportunity as the rich.
You can look for yourselves, how many banks can you find in and around the poor neighborhoods? Now you can understand that they don’t get access to proper facilities like the other richer neighborhoods, and the cryptocurrencies can easily cover this gap as they don’t need a bank or centralized authority.
Cryptocurrency can be bought and sold as per will online and can be kept in digital wallets. Cryptos even make it easy to make payments as it has a decentralized system.